Avance Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Avance Technologies has a total shareholder equity of ₹3.8B and total debt of ₹515.3M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are ₹5.0B and ₹1.2B respectively. Avance Technologies's EBIT is ₹65.7M making its interest coverage ratio 328316. It has cash and short-term investments of ₹460.5M.
Key information
13.5%
Debt to equity ratio
₹515.28m
Debt
| Interest coverage ratio | 328316x |
| Cash | ₹460.52m |
| Equity | ₹3.81b |
| Total liabilities | ₹1.18b |
| Total assets | ₹4.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512149's short term assets (₹1.1B) exceed its short term liabilities (₹660.3M).
Long Term Liabilities: 512149's short term assets (₹1.1B) exceed its long term liabilities (₹515.3M).
Debt to Equity History and Analysis
Debt Level: 512149's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 512149's debt to equity ratio has reduced from 42.7% to 13.5% over the past 5 years.
Debt Coverage: 512149's debt is well covered by operating cash flow (67.3%).
Interest Coverage: 512149's interest payments on its debt are well covered by EBIT (328316x coverage).